For EchoStar, the infusion of $23 billion in cash will alleviate investor concerns over its significant debt. EchoStar’s deal to sell Dish Network to DirecTV last year was scrapped after EchoStar bondholders rejected the debt-exchange terms that would have reduced the vale of their holdings.

Dish's demise is complete as EchoStar sells its spectrum to AT&T and begins winding down the old infrastructure

AT&T is set to acquire $23 billion worth of spectrum licenses from EchoStar, the parent company of Dish Network, Sling TV and Boost Mobile. The deal will see AT&T gain control of approximately 50MHz of low-band and mid-band spectrum,